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Payments for Environmental Services in Vietnam: Assessing an Economic Approach to Sustainable Forest Management

Author

Listed:
  • Bui Dung The

    (Dept of Agricultural & Environmental Economics College of Economics, Hue University)

  • Hong Bing Ngoc

    (Dept of Agricultural & Environmental Economics College of Economics, Hue University)

Abstract

This study looks at whether Vietnam could adopt the Payment for Environmental Services (PES) approach as part of its national conservation strategy. Using a pilot study in the country's uplands, it investigates how such a scheme might run and assesses its impact on the environment and on the local people's livelihoods. Through a review of current Vietnamese conservation practice, it assesses the barriers to the adoption of such schemes and the factors that might encourage their implementation. Results are promising. Interest and involvement in the pilot scheme was quite high despite the experiment's limited duration. The PES trial also had positive environmental impacts, including a reduction in soil erosion and the extraction of natural forest products. Because of a number of barriers to PES implementation, the study recommends that further PES trials be run to gain more experience and knowledge, before large-scale implementation is tried in Vietnam.

Suggested Citation

  • Bui Dung The & Hong Bing Ngoc, 2007. "Payments for Environmental Services in Vietnam: Assessing an Economic Approach to Sustainable Forest Management," EEPSEA Research Report rr2007012, Economy and Environment Program for Southeast Asia (EEPSEA), revised Jan 2007.
    • Handle: RePEc:eep:report:rr2007012
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    File URL: http://www.eepsea.org/pub/rr/11694449191The's_RR3.pdf
    File Function: First version, 2007
    Download Restriction: no
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    Keywords

    forest management; Vietnam;

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